Gerardo Alex

Gerardo Alex L. V. is 22 years old. He is single and lives with his parents in Chillanes canton of Bolívar province.

The members of the La Soledad communal bank are located in Recinto El Tambo in Chillanes canton. This communal bank has 12 members who work in agriculture growing cacao, rice, corn, and yucca. They also raise birds such as chickens and ducks.

Gerardo farms, growing cacao, rice, corn, and yucca. He buys his products in Chillanes and El Tambo, and he sells his products in the fair on Sundays in Chillanes.

He is asking for the loan to buy supplies for his crops, as well as fertilizers. The loan will help him economically to supply his necessities, as well as to face challenges such as infestations, illnesses, and variations in climate. His dream is to improve his business and harvest more.

Additional Information

About Cooperativa San Jose

This loan is administered by Cooperativa San Jose, a 45,000-member credit union located high in the Andes Mountains of Ecuador’s poorest province, Bolivar. They offer a unique loan called “Ventanillas Rurales” [Window to the Countryside], which uses a group guarantee but is an individual loan with a savings component, mostly to rural borrowers. Due to low savings rates and a history of macroeconomic instability, many traditional loans in Ecuador demand interest rates that are prohibitively high for some borrowers. There is also a high incidence of extortionist black-market lending in Ecuador. CSJ helps mitigate these problems by providing a less onerous and more appropriate option. Join CSJ’s Lending Team!